December 4th, 20190Russian state nuclear company Rosatom is buying non-controlling stake in logistics firm Delo Group from its main owner Sergey Shishkarev, as it ups its Northern Sea Route (NSR) shipping ambitions. Rosatom said yesterday that working with Delo, it wants to offer an NSR service "no less attractive" than existing services via Suez. Local...
November 25th, 20190Russia’s Rosatom Group has outlined how it intends to give the Suez Canal a run for its money, revealing it is in talks with Moscow-headquartered VTB Bank over a $7bn loan to help fund the acquisition of 55 ice-class boxships. Also known as the Rosatom State Nuclear Energy Corporation, Rosatom is following the heed of President...
November 21st, 20190According to Alphaliner, Russia’s Far Eastern Shipping Company (FESCO) has bought the 16-year-old 822 teu from German owner Reederei Bartels at an undisclosed price. The ship has been renamed FESCO Moneron, under Russian flag. The ice-class ship will work domestic routes and joins sister ship Fesco Magadan, which the Russian liner...
November 5th, 20190Russian state-owned shipping company Sovcomflot has entered into an agreement with domestic financial institution VEB.RF Group for the lease financing of the first ship in a series of icebreaking LNG carriers to be built to serve the Arctic LNG 2 project. In the meatime, Sovcomflot signed a long-term charter agreement with gas...
November 4th, 20190Three crew were killed in an explosion onboard a Russian tanker on Saturday near Nakhodka Port in the far east region of Russia. According to a statement by the regional branch of Russia's Investigative Committee, a gas and air mixture blast occurred onboard the 1989-built 3,300 dwt bunkering tanker on Saturday morning. No blaze was...
October 29th, 20190Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia are the latest countries to hint that they may not comply with the global sulphur cap when it starts in 64 days time. Russian energy minister Alexander Novak told Bloomberg that the burden for local shipowners from the higher fuel costs coming in from the IMO 2020 rules could prove...
October 22nd, 20190Russia is looking to set up a state-run containership operator to support its efforts to develop the northern sea route in the Arctic region, Bloomberg reports. Russia’s Deputy Minister of the Far East and Arctic Development Alexander Krutikov said in an interview that the ministry, together with Russian think-tank Skolkovo, is...
October 15th, 20190Security services raided the St Petersburg office of Transas yesterday, seeking access to the company’s Transas Navigator databases. The Federal Security Service (FSB) was widely reported to have launched the raid on the facility, which is now owned by Finnish firm, Wärtsilä. Transas, which makes marine navigation systems and...
September 27th, 20190Gas infrastructure along Russia’s Northern Sea Route is set to get a Japanese upgrade with news Mitsui OSK Lines (MOL) and the Japan Bank for International Cooperation (JBIC) have signed a cooperation agreement with Novatek to develop LNG transhipment projects in Kamchatka and Murmansk. The projects will construct floating storage...
September 18th, 20190Sergey Frank will step down from his position of CEO at Russian state-owned shipowner Sovcomflot. Frank will be installed as chairman of the the board, making way for current Sovcomflot vice president Igor Tonkovidov to be appointed as the new CEO. The change was announced by the office of deputy prime minister Maxim Akimov...
